| Sr.No | Entity | Sector | Rating Type | Dissemination Date |
Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|---|
| 1 | KSB Pumps Company Limited Press Release | Report | History |
Engineering and Technology | Entity | 29-Nov-23 | Maintain | A+ | A1 | Stable | Yes |
| 2 | Ismail Iqbal Securities (Pvt.) Limited Press Release | Report | History |
Capital Markets | Entity | 28-Nov-23 | Initial | A- | A2 | Stable | - |
| 3 | Khadija Edible Oil Refinery (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 28-Nov-23 | Initial | A- | A2 | Stable | - |
| 4 | Pakistan Aluminium Beverage Cans Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 24-Nov-23 | Maintain | A+ | A1 | Stable | - |
| 5 | Samad Rubber Works (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 24-Nov-23 | Maintain | BBB+ | A2 | Positive | - |
| 6 | HUM Network Limited Press Release | Report | History |
Communication | Entity | 24-Nov-23 | Maintain | A+ | A1 | Stable | - |
| 7 | Inbox Business Technologies Limited Press Release | Report | History |
Engineering and Technology | Entity | 23-Nov-23 | Maintain | A- | A2 | Stable | - |
| 8 | DIC Pakistan Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 23-Nov-23 | Maintain | AA- | A1 | Stable | - |
| 9 | Ghani Global Glass Limited Press Release | Report | History |
Infrastructure | Entity | 23-Nov-23 | Maintain | BBB+ | A2 | Positive | - |
| 10 | Be Be Jan Pakistan Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Nov-23 | Maintain | BBB | A2 | Stable | - |
| 11 | Sapphire Finishing Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Nov-23 | Maintain | A | A1 | Stable | - |
| 12 | Airlink Communication Press Release | Report | History |
Distributors | Entity | 22-Nov-23 | Maintain | A | A1 | Stable | - |
| 13 | KTRADE Securities Limited Press Release | Report | History |
Capital Markets | Entity | 22-Nov-23 | Maintain | A- | A2 | Stable | - |
| 14 | Chanar Energy Limited Press Release | Report | History |
Energy | Entity | 22-Nov-23 | Maintain | BBB- | A3 | Stable | Yes |
| 15 | Ghani Global Holdings Limited Press Release | Report | History |
Holding Company | Entity | 22-Nov-23 | Maintain | A- | A2 | Positive | - |
| 16 | Prism Energy (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 17-Nov-23 | Initial | A+ | A1 | Stable | - |
| 17 | Ahmed Fine Weaving Limited Press Release | Report | History |
Textile & Allied | Entity | 17-Nov-23 | Maintain | A- | A2 | Stable | - |
| 18 | Platinum Steel Mill (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 16-Nov-23 | Upgrade | BBB | A2 | Stable | - |
| 19 | Sapphire Fibres Limited Press Release | Report | History |
Textile & Allied | Entity | 13-Nov-23 | Maintain | A+ | A1 | Stable | - |
| 20 | Glamour Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 13-Nov-23 | Maintain | BBB- | A2 | Stable | - |
| 21 | Liberty Power Tech Limited Press Release | Report | History |
Energy | Entity | 10-Nov-23 | Maintain | AA- | A1 | Stable | - |
| 22 | Fazal Holdings (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 08-Nov-23 | Maintain | A+ | A1 | Stable | - |
| 23 | Etihad Alloys (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 01-Nov-23 | Maintain | BBB- | A3 | Developing | - |
| 24 | Zahidjee Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 31-Oct-23 | Maintain | A | A1 | Stable | - |
| 25 | Islamabad Farms Press Release | Report | History |
Food and Allied | Entity | 27-Oct-23 | Maintain | BBB- | A3 | Stable | - |
| 26 | Orient Rental Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 27-Oct-23 | Maintain | A- | A2 | Stable | - |
| 27 | ThalNova Power Thar (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 25-Oct-23 | Upgrade | AA- | A1 | Stable | - |
| 28 | Thar Energy Limited Press Release | Report | History |
Energy | Entity | 25-Oct-23 | Upgrade | AA- | A1 | Stable | - |
| 29 | Pharmagen Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 25-Oct-23 | Maintain | A- | A2 | Stable | - |
| 30 | Guard Agricultural Research and Services (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 24-Oct-23 | Initial | A- | A2 | Stable | - |
| 31 | Stylers International Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Oct-23 | Maintain | A | A1 | Stable | - |
| 32 | AGP Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 23-Oct-23 | Maintain | A+ | A1 | Stable | - |
| 33 | Mumtaz Feeds & Allied Industries (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 21-Oct-23 | Maintain | BBB- | A2 | Positive | - |
| 34 | CCL Pharmaceuticals (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 20-Oct-23 | Maintain | A | A1 | Stable | - |
| 35 | Ghandhara Industries Limited Press Release | Report | History |
Auto and Allied | Entity | 20-Oct-23 | Maintain | A+ | A1 | Stable | - |
| 36 | Ghandhara Automobiles Limited (formerly known as Ghandhara Nissan Limited) Press Release | Report | History |
Auto and Allied | Entity | 20-Oct-23 | Maintain | A | A1 | Stable | - |
| 37 | Mughal Iron & Steel Industries Limited Press Release | Report | History |
Infrastructure | Entity | 16-Oct-23 | Maintain | A+ | A1 | Stable | - |
| 38 | Secure Logistics Group Limited Press Release | Report | History |
Auto and Allied | Entity | 14-Oct-23 | Maintain | A | A2 | Stable | - |
| 39 | Din Energy Limited Press Release | Report | History |
Energy | Entity | 13-Oct-23 | Maintain | A | A2 | Stable | - |
| 40 | Jhulay Lal Parboiled Rice Mill Press Release | Report | History |
Agriculture & Allied | Entity | 13-Oct-23 | Maintain | BBB | A2 | Stable | - |
| 41 | Awami Agro Commodities Press Release | Report | History |
Agriculture & Allied | Entity | 13-Oct-23 | Maintain | BBB | A2 | Stable | - |
| 42 | Hassan Ali Rice Export Company Press Release | Report | History |
Agriculture & Allied | Entity | 13-Oct-23 | Maintain | BBB+ | A2 | Stable | - |
| 43 | Engro Eximp Agriproducts (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 13-Oct-23 | Maintain | A- | A2 | Stable | - |
| 44 | Habib Construction Services Limited Press Release | Report | History |
Infrastructure | Entity | 12-Oct-23 | Maintain | BBB+ | A2 | Stable | - |
| 45 | A.J. Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 11-Oct-23 | Maintain | A- | A2 | Stable | - |
| 46 | Matracon Pakistan (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 10-Oct-23 | Maintain | BBB | A2 | Stable | Yes |
| 47 | Irfan Noman Brothers (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 10-Oct-23 | Maintain | BBB+ | A2 | Stable | - |
| 48 | LalPir Power Limited Press Release | Report | History |
Energy | Entity | 28-Sep-23 | Maintain | AA | A1 | Stable | - |
| 49 | Gul Ahmed Wind Power Limited Press Release | Report | History |
Energy | Entity | 28-Sep-23 | Initial | A+ | A1 | Stable | - |
| 50 | PakGen Power Limited Press Release | Report | History |
Energy | Entity | 28-Sep-23 | Maintain | AA | A1 | Stable | - |
| 51 | My Petroleum (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 27-Sep-23 | Maintain | BBB+ | A2 | Stable | - |
| 52 | Thardeep Microfinance Foundation Press Release | Report | History |
Banks | Entity | 26-Sep-23 | Downgrade | BBB- | A3 | Stable | - |
| 53 | Master Wind Energy Limited Press Release | Report | History |
Energy | Entity | 26-Sep-23 | Maintain | A+ | A1 | Stable | - |
| 54 | Kashf Foundation Press Release | Report | History |
Banks | Entity | 23-Sep-23 | Maintain | A- | A2 | Positive | - |
| 55 | Engro PowerGen Thar (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 22-Sep-23 | Maintain | AA- | A1 | Stable | - |
| 56 | First Habib Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 22-Sep-23 | Maintain | AA+ | A1+ | Stable | - |
| 57 | Prosperity Weaving Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 22-Sep-23 | Maintain | A- | A2 | Stable | - |
| 58 | Nagina Cotton Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 22-Sep-23 | Maintain | A- | A2 | Stable | - |
| 59 | Nishat Power Limited Press Release | Report | History |
Energy | Entity | 22-Sep-23 | Maintain | AA- | A1 | Stable | - |
| 60 | Atlas Power Limited Press Release | Report | History |
Energy | Entity | 22-Sep-23 | Maintain | AA- | A1+ | Stable | - |
| 61 | Ellcot Spinning Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 22-Sep-23 | Maintain | A- | A2 | Stable | - |
| 62 | First Punjab Modaraba Press Release | Report | History |
Non Banking Financial Institutes | Entity | 20-Sep-23 | Maintain | A- | A2 | Stable | - |
| 63 | Escorts Investment Bank Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 19-Sep-23 | Downgrade | BBB+ | A2 | Negative | - |
| 64 | Global Marketing Services Press Release | Report | History |
Pharma and Chemicals | Entity | 19-Sep-23 | Maintain | BBB | A2 | Stable | - |
| 65 | Trust Securities & Brokerage Limited Press Release | Report | History |
Capital Markets | Entity | 19-Sep-23 | Maintain | A- | A2 | Stable | - |
| 66 | Service Industries Limited Press Release | Report | History |
Auto and Allied | Entity | 19-Sep-23 | Maintain | AA- | A1 | Stable | - |
| 67 | Dawood Equities Limited Press Release | Report | History |
Capital Markets | Entity | 19-Sep-23 | Maintain | A- | A2 | Stable | - |
| 68 | U Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 15-Sep-23 | Maintain | A+ | A1 | Stable | - |
| 69 | Islamabad Feeds (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 15-Sep-23 | Maintain | BBB | A2 | Stable | - |
| 70 | Nimir Chemicals Pakistan Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 14-Sep-23 | Maintain | A- | A2 | Stable | - |
| 71 | Berger Paints Pakistan Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 14-Sep-23 | Maintain | A- | A2 | Stable | - |
| 72 | Zafa Pharmaceutical Laboratories (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 13-Sep-23 | Initial | A- | A2 | Stable | - |
| 73 | Din Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 08-Sep-23 | Maintain | A- | A2 | Stable | - |
| 74 | Premier Industrial Chemical MFG. Co. (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 08-Sep-23 | Maintain | A- | A2 | Stable | - |
| 75 | Fazal Cloth Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 07-Sep-23 | Maintain | A | A1 | Stable | - |
| 76 | Bestway Cement Limited Press Release | Report | History |
Infrastructure | Entity | 06-Sep-23 | Maintain | AA- | A1+ | Stable | - |
| 77 | Bulleh Shah Packaging (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 05-Sep-23 | Maintain | AA- | A1 | Stable | - |
| 78 | ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited) Press Release | Report | History |
Banks | Entity | 04-Sep-23 | Initial | BBB+ | A2 | Stable | - |
| 79 | Trans World Associates (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 01-Sep-23 | Maintain | A | A1 | Stable | - |
| 80 | Nayatel (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 01-Sep-23 | Maintain | A | A1 | Stable | - |
| 81 | Martin Dow Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 01-Sep-23 | Downgrade | A | A2 | Stable | - |
| 82 | Golden Packages (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 29-Aug-23 | Maintain | BBB | A2 | Stable | - |
| 83 | Cnergyico Pk Limited ( Formerly: Byco Petroleum Pakistan Limited ) Press Release | Report | History |
Energy | Entity | 28-Aug-23 | Maintain | A- | A2 | Stable | Yes |
| 84 | Puma Energy Pakistan (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 28-Aug-23 | Maintain | A- | A2 | Stable | - |
| 85 | Be Energy Limited Press Release | Report | History |
Energy | Entity | 25-Aug-23 | Maintain | A+ | A1 | Stable | - |
| 86 | Etimaad Engineering (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 24-Aug-23 | Maintain | A- | A2 | Stable | - |
| 87 | Maaksons Engineering Corporation Limited Press Release | Report | History |
Infrastructure | Entity | 23-Aug-23 | Maintain | BBB+ | A2 | Stable | - |
| 88 | Tufail Chemical Industries Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 23-Aug-23 | Maintain | A- | A2 | Stable | - |
| 89 | Khas Textile Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Aug-23 | Maintain | BBB- | A2 | Stable | - |
| 90 | Awan Trading Company (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 19-Aug-23 | Upgrade | A- | A2 | Stable | - |
| 91 | Packages Convertors Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 18-Aug-23 | Maintain | AA- | A1 | Stable | - |
| 92 | Harappa Solar (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 15-Aug-23 | Upgrade | A+ | A1 | Stable | - |
| 93 | National Transmission & Despatch Company Limited Press Release | Report | History |
Energy | Entity | 11-Aug-23 | Maintain | AA+ | A1+ | Stable | - |
| 94 | EcoPack Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 10-Aug-23 | Maintain | BBB | A2 | Stable | Yes |
| 95 | Mekotex (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 04-Aug-23 | Maintain | A- | A2 | Stable | - |
| 96 | Pak Suzuki Motor Company Limited Press Release | Report | History |
Auto and Allied | Entity | 04-Aug-23 | Maintain | AA- | A1 | Stable | - |
| 97 | Ghandhara Tyre & Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited) Press Release | Report | History |
Auto and Allied | Entity | 01-Aug-23 | Maintain | A+ | A1 | Stable | Yes |
| 98 | Multinet Pakistan (Pvt.) Limited Press Release | Report | History |
Engineering and Technology | Entity | 01-Aug-23 | Maintain | A- | A2 | Stable | - |
| 99 | Fauji Fertilizer Company Limited Press Release | Report | History |
Agriculture & Allied | Entity | 27-Jul-23 | Maintain | AA+ | A1+ | Stable | - |
| 100 | Engro Fertilizers Limited Press Release | Report | History |
Agriculture & Allied | Entity | 27-Jul-23 | Maintain | AA | A1+ | Stable | - |
| 101 | Honda Centre (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 27-Jul-23 | Maintain | BBB | A2 | Stable | - |
| 102 | Sarena Textile Industries (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 27-Jul-23 | Maintain | A | A2 | Stable | - |
| 103 | Jahangir Siddiqui & Co. Ltd. Press Release | Report | History |
Holding Company | Entity | 27-Jul-23 | Maintain | AA | A1+ | Stable | - |
| 104 | Apna Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 27-Jul-23 | Downgrade | BBB- | A4 | Negative | Yes |
| 105 | Pakistan Oxygen Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 25-Jul-23 | Maintain | A | A1 | Stable | - |
| 106 | Pakistan Services Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 25-Jul-23 | Downgrade | BBB | A3 | Negative | Yes |
| 107 | Fatima Fertilizer Company Limited Press Release | Report | History |
Agriculture & Allied | Entity | 24-Jul-23 | Maintain | AA+ | A1+ | Stable | - |
| 108 | Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 21-Jul-23 | Maintain | AA+ | A1+ | Stable | - |
| 109 | Medipak Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 20-Jul-23 | Initial | BBB+ | A2 | Stable | - |
| 110 | M.Y. Bari Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 20-Jul-23 | Maintain | BBB | A2 | Positive | - |
| 111 | Sindh Engro Coal Mining Company Press Release | Report | History |
Energy | Entity | 19-Jul-23 | Maintain | AA | A1+ | Stable | - |
| 112 | National Rural Support Programme Press Release | Report | History |
Banks | Entity | 17-Jul-23 | Initial | A- | A2 | Stable | - |
| 113 | Nisar Spinning Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 14-Jul-23 | Initial | A- | A2 | Stable | - |
| 114 | NIMIR Industrial Chemicals Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 14-Jul-23 | Maintain | A+ | A1 | Stable | - |
| 115 | Engro Polymer & Chemicals Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 14-Jul-23 | Maintain | AA | A1+ | Stable | - |
| 116 | Steelex (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 14-Jul-23 | Maintain | BBB- | A2 | Stable | - |
| 117 | Nimir Resins Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 14-Jul-23 | Maintain | A- | A2 | Stable | - |
| 118 | Diamond Fabrics Limited Press Release | Report | History |
Textile & Allied | Entity | 14-Jul-23 | Maintain | A- | A2 | Stable | - |
| 119 | Liberty Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 07-Jul-23 | Maintain | A+ | A1 | Stable | - |
| 120 | Orient Energy Systems (Pvt.) Limited Press Release | Report | History |
Engineering and Technology | Entity | 06-Jul-23 | Initial | A- | A2 | Stable | - |
| 121 | Samba Bank Limited Press Release | Report | History |
Banks | Entity | 06-Jul-23 | Initial | AA | A1 | Stable | - |
| 122 | Engro Elengy Terminal (Private) Limited Press Release | Report | History |
Energy | Entity | 04-Jul-23 | Maintain | AA- | A1 | Stable | - |
| 123 | Pak Elektron Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 04-Jul-23 | Maintain | A+ | A1 | Stable | - |
| 124 | Jamal Pipe Industries (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 03-Jul-23 | Maintain | BBB | A2 | Stable | - |
| 125 | GuarantCo Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 27-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 126 | Saif Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 27-Jun-23 | Maintain | A- | A2 | Stable | Yes |
| 127 | Tata Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 27-Jun-23 | Maintain | A | A1 | Stable | - |
| 128 | Bank of Khyber Press Release | Report | History |
Banks | Entity | 27-Jun-23 | Maintain | A+ | A1 | Stable | - |
| 129 | Service Long March Tyres (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 27-Jun-23 | Initial | A- | A2 | Stable | - |
| 130 | First Women Bank Limited Press Release | Report | History |
Banks | Entity | 27-Jun-23 | Maintain | A- | A2 | Developing | Yes |
| 131 | Trans World Enterprise Services (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 27-Jun-23 | Maintain | BBB | A2 | Stable | - |
| 132 | Kohat Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 26-Jun-23 | Maintain | A- | A2 | Stable | - |
| 133 | Yunus Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 26-Jun-23 | Maintain | AA- | A1+ | Stable | - |
| 134 | PARCO Pearl Gas (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 26-Jun-23 | Initial | AA | A1+ | Stable | - |
| 135 | The Bank of Punjab Press Release | Report | History |
Banks | Entity | 26-Jun-23 | Maintain | AA+ | A1+ | Stable | - |
| 136 | Pakistan Kuwait Investment Company (Pvt.) Limited Press Release | Report | History |
Development Institutions | Entity | 26-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 137 | BankIslami Pakistan Limited Press Release | Report | History |
Banks | Entity | 24-Jun-23 | Upgrade | AA- | A1 | Stable | - |
| 138 | Pak-Libya Holding Company (Pvt.) Limited Press Release | Report | History |
Development Institutions | Entity | 24-Jun-23 | Maintain | AA- | A1+ | Positive | - |
| 139 | Bank Alfalah Limited Press Release | Report | History |
Banks | Entity | 24-Jun-23 | Maintain | AA+ | A1+ | Stable | - |
| 140 | Engro Corporation Limited Press Release | Report | History |
Holding Company | Entity | 23-Jun-23 | Maintain | AA+ | A1+ | Stable | - |
| 141 | PAIR Investment Company Limited Press Release | Report | History |
Development Institutions | Entity | 23-Jun-23 | Maintain | AA | A1+ | Stable | - |
| 142 | Roomi Fabrics Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Jun-23 | Maintain | A- | A2 | Stable | - |
| 143 | Siddiqsons Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Jun-23 | Maintain | A- | A1 | Stable | - |
| 144 | National Bank of Pakistan Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 145 | Faysal Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AA | A1+ | Stable | - |
| 146 | Pakistan Microfinance Investment Company Limited Press Release | Report | History |
Development Institutions | Entity | 23-Jun-23 | Maintain | AA | A1+ | Stable | Yes |
| 147 | Dawood Hercules Corporation Limited Press Release | Report | History |
Holding Company | Entity | 23-Jun-23 | Maintain | AA | A1+ | Stable | - |
| 148 | Standard Chartered Bank (Pakistan) Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 149 | ACT Wind (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 23-Jun-23 | Maintain | A+ | A1 | Stable | - |
| 150 | Bank AL Habib Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 151 | JS Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AA- | A1+ | Stable | - |
| 152 | Meezan Plastic Industries (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 23-Jun-23 | Maintain | BB | A3 | Stable | - |
| 153 | Askari Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AA+ | A1+ | Stable | - |
| 154 | E-Vision Manufacturing Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Jun-23 | Maintain | BBB | A2 | Positive | - |
| 155 | Allied Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 156 | MCB Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 157 | Soneri Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AA- | A1+ | Stable | - |
| 158 | MCB Islamic Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | A | A1 | Stable | - |
| 159 | Habib Metropolitan Bank Limited Press Release | Report | History |
Banks | Entity | 23-Jun-23 | Maintain | AA+ | A1+ | Stable | - |
| 160 | Mahmood Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Jun-23 | Maintain | A- | A2 | Stable | - |
| 161 | Narowal Energy Limited Press Release | Report | History |
Energy | Entity | 22-Jun-23 | Maintain | AA- | A1+ | Stable | - |
| 162 | VMS Trading Company Press Release | Report | History |
Agriculture & Allied | Entity | 22-Jun-23 | Initial | BBB | A2 | Stable | - |
| 163 | Meskay & Femtee Trading Company (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 22-Jun-23 | Maintain | A- | A2 | Stable | - |
| 164 | K-Electric Limited Press Release | Report | History |
Energy | Entity | 21-Jun-23 | Maintain | AA | A1+ | Stable | Yes |
| 165 | The Hub Power Company Limited Press Release | Report | History |
Energy | Entity | 21-Jun-23 | Maintain | AA+ | A1+ | Stable | - |
| 166 | Olympia Chemicals Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 20-Jun-23 | Maintain | A- | A1 | Stable | - |
| 167 | Aslam Energy (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 16-Jun-23 | Maintain | BBB+ | A2 | Stable | - |
| 168 | Nishat Hotels and Properties Ltd Press Release | Report | History |
Consumers Goods & Services | Entity | 16-Jun-23 | Maintain | A- | A2 | Positive | - |
| 169 | Packages Limited Press Release | Report | History |
Holding Company | Entity | 16-Jun-23 | Upgrade | AA+ | A1+ | Stable | - |
| 170 | Pakistan International Bulk Terminal Limited Press Release | Report | History |
Energy | Entity | 16-Jun-23 | Maintain | A | A2 | Developing | Yes |
| 171 | Flow Petroleum (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 16-Jun-23 | Maintain | BBB+ | A2 | Stable | - |
| 172 | Ghani Chemical Industries Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 13-Jun-23 | Maintain | A | A1 | Stable | - |
| 173 | Pearl Petro Industry (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 12-Jun-23 | Initial | BBB- | A2 | Positive | - |
| 174 | Orient Power Company (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 09-Jun-23 | Maintain | AA- | A1 | Stable | - |
| 175 | Pakistan Refinery Limited Press Release | Report | History |
Energy | Entity | 09-Jun-23 | Maintain | A- | A2 | Stable | Yes |
| 176 | LOTTE Kolson (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 08-Jun-23 | Maintain | A- | A2 | Stable | - |
| 177 | Pioneer Cement Limited Press Release | Report | History |
Infrastructure | Entity | 07-Jun-23 | Maintain | A | A2 | Stable | - |
| 178 | Martin Dow Marker Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 02-Jun-23 | Maintain | A+ | A1 | Stable | - |
| 179 | Pak-Arab Pipeline Company Limited Press Release | Report | History |
Logistics | Entity | 02-Jun-23 | Maintain | AAA | A1+ | Stable | - |
| 180 | Khaadi Pakistan (SMC-Pvt) Limited Press Release | Report | History |
Textile & Allied | Entity | 01-Jun-23 | Upgrade | A | A1 | Stable | - |
| 181 | Reem Rice Mills (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 01-Jun-23 | Maintain | A- | A2 | Stable | - |
| 182 | Gas & Oil Pakistan Limited Press Release | Report | History |
Energy | Entity | 01-Jun-23 | Maintain | A+ | A1 | Stable | - |
| 183 | Panther Tyres Limited Press Release | Report | History |
Auto and Allied | Entity | 29-May-23 | Maintain | A | A1 | Stable | - |
| 184 | Attock Refinery Limited Press Release | Report | History |
Energy | Entity | 26-May-23 | Maintain | AA | A1+ | Stable | Yes |
| 185 | National Refinery Limited Press Release | Report | History |
Energy | Entity | 26-May-23 | Maintain | AA+ | A1+ | Negative | Yes |
| 186 | Master Green Energy Limited Press Release | Report | History |
Energy | Entity | 24-May-23 | Maintain | A | A1 | Stable | - |
| 187 | Ziauddin University Press Release | Report | History |
Consumers Goods & Services | Entity | 23-May-23 | Maintain | BBB | A2 | Stable | - |
| 188 | Hub Power Holdings Limited Press Release | Report | History |
Holding Company | Entity | 19-May-23 | Maintain | AA | A1+ | Stable | - |
| 189 | Pakistan Mobile Communications Limited Press Release | Report | History |
Communication | Entity | 19-May-23 | Maintain | AA | A1 | Stable | - |
| 190 | TPL Corp Limited Press Release | Report | History |
Holding Company | Entity | 18-May-23 | Maintain | A | A1 | Stable | - |
| 191 | Descon Oxychem Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 17-May-23 | Maintain | A+ | A1 | Stable | - |
| 192 | Crown Textile Press Release | Report | History |
Textile & Allied | Entity | 16-May-23 | Maintain | BBB- | A2 | Stable | - |
| 193 | Entertainment Pakistan Limited Press Release | Report | History |
Infrastructure | Entity | 16-May-23 | Maintain | BB | A3 | Stable | - |
| 194 | Rainbow Hosiery (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 15-May-23 | Initial | BBB- | A2 | Stable | - |
| 195 | H. Nizam Din & Sons (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 13-May-23 | Upgrade | A- | A2 | Stable | - |
| 196 | Sitara Petroleum Service Limited Press Release | Report | History |
Energy | Entity | 11-May-23 | Maintain | A- | A2 | Stable | - |
| 197 | Amreli Steels Limited Press Release | Report | History |
Infrastructure | Entity | 10-May-23 | Maintain | A- | A2 | Stable | - |
| 198 | Salman Paper Products (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 03-May-23 | Maintain | BBB | A2 | Stable | - |
| 199 | Nishat Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 02-May-23 | Maintain | AA | A1+ | Stable | - |
| 200 | AL Textile (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 02-May-23 | Maintain | BBB | A2 | Stable | Yes |
| 201 | Sefam (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 02-May-23 | Maintain | A- | A2 | Stable | - |
| 202 | Infra Zamin Pakistan Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 02-May-23 | Maintain | AAA | A1+ | Stable | - |
| 203 | Telenor Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 29-Apr-23 | Maintain | A | A1 | Stable | Yes |
| 204 | Mobilink Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 29-Apr-23 | Maintain | A | A1 | Stable | - |
| 205 | TPL Properties Limited Press Release | Report | History |
Infrastructure | Entity | 28-Apr-23 | Maintain | A+ | A1 | Stable | - |
| 206 | Rustam Towel (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 28-Apr-23 | Maintain | BBB | A2 | Stable | - |
| 207 | Pakistan Synthetics Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 28-Apr-23 | Maintain | A- | A2 | Stable | - |
| 208 | Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History |
Capital Markets | Entity | 28-Apr-23 | Maintain | A- | A1 | Stable | - |
| 209 | AGAHE Pakistan Press Release | Report | History |
Banks | Entity | 28-Apr-23 | Maintain | BBB- | A3 | Stable | - |
| 210 | Hawa Energy (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 27-Apr-23 | Maintain | A | A1 | Stable | - |
| 211 | Jhimpir Power (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 27-Apr-23 | Maintain | A | A1 | Stable | - |
| 212 | Union Microfinance Company Limited Press Release | Report | History |
Banks | Entity | 26-Apr-23 | Initial | BB+ | A3 | Stable | - |
| 213 | New Horizon Computer Press Release | Report | History |
Engineering and Technology | Entity | 20-Apr-23 | Maintain | BB+ | A3 | Stable | - |
| 214 | National Foods Limited Press Release | Report | History |
Food and Allied | Entity | 20-Apr-23 | Maintain | AA- | A1 | Stable | - |
| 215 | Asif Rice Mills Press Release | Report | History |
Agriculture & Allied | Entity | 20-Apr-23 | Maintain | BBB+ | A2 | Stable | - |
| 216 | Flying Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 20-Apr-23 | Maintain | A- | A2 | Stable | Yes |
| 217 | Reliance Cotton Spinning Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 14-Apr-23 | Maintain | A- | A2 | Stable | - |
| 218 | Lucky Electric Power Company Limited Press Release | Report | History |
Energy | Entity | 11-Apr-23 | Maintain | AA | A1+ | Stable | - |
| 219 | Shahzad Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 11-Apr-23 | Maintain | A- | A2 | Stable | Yes |
| 220 | Al-Abbas Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 10-Apr-23 | Maintain | A+ | A1 | Stable | - |
| 221 | Optimus Capital Management (Pvt.) Limited Press Release | Report | History |
Capital Markets | Entity | 07-Apr-23 | Maintain | A- | A2 | Stable | - |
| 222 | Mehran Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 06-Apr-23 | Maintain | A- | A2 | Stable | - |
| 223 | SGM Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 06-Apr-23 | Maintain | BBB | A2 | Stable | - |
| 224 | Mirpurkhas Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 05-Apr-23 | Maintain | A- | A2 | Stable | - |
| 225 | Noon Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 05-Apr-23 | Maintain | BBB+ | A2 | Stable | - |
| 226 | Jauharabad Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 05-Apr-23 | Maintain | BBB+ | A2 | Stable | - |
| 227 | Quaid-e-Azam Solar Power (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 04-Apr-23 | Maintain | AA | A1+ | Stable | - |
| 228 | Lucky Tex Pakistan (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 04-Apr-23 | Maintain | BBB | A2 | Stable | - |
| 229 | Mount Fuji Textiles Limited Press Release | Report | History |
Textile & Allied | Entity | 03-Apr-23 | Initial | BBB | A2 | Stable | - |
| 230 | International Business Management Press Release | Report | History |
Consumers Goods & Services | Entity | 03-Apr-23 | Maintain | BB+ | A3 | Stable | - |
| 231 | Madiha International (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 03-Apr-23 | Maintain | BB | A3 | Stable | - |
| 232 | Bikiya Industries (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 03-Apr-23 | Maintain | BB | A3 | Stable | - |
| 233 | Jinn Petroleum (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 31-Mar-23 | Maintain | BBB | A2 | Stable | - |
| 234 | Khawaja Tanneries (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 30-Mar-23 | Upgrade | BBB+ | A2 | Stable | - |
| 235 | Ultra Pack (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 30-Mar-23 | Maintain | BBB | A2 | Stable | - |
| 236 | Sargodha Jute Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 30-Mar-23 | Maintain | A- | A2 | Stable | - |
| 237 | Masood Fabrics Limited Press Release | Report | History |
Textile & Allied | Entity | 30-Mar-23 | Maintain | A- | A2 | Stable | - |
| 238 | H.A.R Fibres (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 29-Mar-23 | Initial | BBB- | A2 | Stable | - |
| 239 | Sindh Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 29-Mar-23 | Maintain | A- | A2 | Stable | - |
| 240 | Gharibwal Cement Limited Press Release | Report | History |
Infrastructure | Entity | 29-Mar-23 | Maintain | A | A2 | Stable | - |
| 241 | JWS Pakistan Press Release | Report | History |
Banks | Entity | 28-Mar-23 | Maintain | BBB | A3 | Stable | - |
| 242 | SAFCO Microfinance Company (Private) Limited Press Release | Report | History |
Banks | Entity | 28-Mar-23 | Maintain | BBB | A3 | Stable | - |
| 243 | Qadir Agro Industries (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 27-Mar-23 | Maintain | BB+ | A3 | Stable | - |
| 244 | Fecto Cement Limited Press Release | Report | History |
Infrastructure | Entity | 24-Mar-23 | Maintain | A- | A2 | Stable | Yes |
| 245 | Kohinoor Energy Limited Press Release | Report | History |
Energy | Entity | 24-Mar-23 | Maintain | AA | A1+ | Stable | - |
| 246 | Halmore Power Generation Company Limited Press Release | Report | History |
Energy | Entity | 22-Mar-23 | Maintain | AA- | A1 | Stable | - |
| 247 | Saif Power Limited Press Release | Report | History |
Energy | Entity | 22-Mar-23 | Maintain | AA- | A1 | Stable | - |
| 248 | Malik MIJ Chunxing Resources Recycling Company Limited Press Release | Report | History |
Engineering and Technology | Entity | 22-Mar-23 | Upgrade | BBB+ | A2 | Stable | - |
| 249 | Warble (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 21-Mar-23 | Maintain | BBB- | A2 | Stable | - |
| 250 | Welcon Chemicals (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 21-Mar-23 | Maintain | BBB- | A2 | Stable | - |
| 251 | US Denim Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 20-Mar-23 | Initial | A | A1 | Stable | - |
| 252 | Maksons Textile (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 18-Mar-23 | Maintain | BBB- | A2 | Stable | - |
| 253 | Descon Engineering Limited Press Release | Report | History |
Infrastructure | Entity | 17-Mar-23 | Maintain | AA- | A1 | Stable | - |
| 254 | Unicol Limited Press Release | Report | History |
Agriculture & Allied | Entity | 17-Mar-23 | Maintain | A | A1 | Stable | - |
| 255 | Hunza Sugar Mills (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 16-Mar-23 | Maintain | BBB+ | A2 | Stable | - |
| 256 | Reliance Petrochem Industries (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 16-Mar-23 | Maintain | BBB+ | A2 | Stable | - |
| 257 | Fauji Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 15-Mar-23 | Upgrade | AA- | A1 | Stable | - |
| 258 | Aba Ali Habib Securities (Pvt.) Limited Press Release | Report | History |
Capital Markets | Entity | 15-Mar-23 | Maintain | A- | A2 | Stable | - |
| 259 | Imperium Hospitality (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 13-Mar-23 | Initial | BBB | A2 | Stable | - |
| 260 | Gul Ahmed Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 07-Mar-23 | Upgrade | AA- | A1 | Stable | - |
| 261 | US Apparel & Textiles (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 04-Mar-23 | Maintain | A+ | A1 | Stable | - |
| 262 | D.G. Khan Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 03-Mar-23 | Maintain | AA- | A1+ | Stable | - |
| 263 | OLP Modaraba (Formerly ORIX Modaraba) Press Release | Report | History |
Non Banking Financial Institutes | Entity | 03-Mar-23 | Maintain | AA | A1+ | Stable | - |
| 264 | OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited) Press Release | Report | History |
Non Banking Financial Institutes | Entity | 03-Mar-23 | Maintain | AA+ | A1+ | Stable | - |
| 265 | Allawasaya Spinning Mills (Pvt) Limited Press Release | Report | History |
Textile & Allied | Entity | 03-Mar-23 | Maintain | BBB- | A3 | Stable | Yes |
| 266 | Brainchild Communications Pakistan (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 03-Mar-23 | Maintain | BBB+ | A2 | Stable | - |
| 267 | Allawasaya Textile & Finishing Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 03-Mar-23 | Maintain | BBB | A2 | Stable | Yes |
| 268 | Masood Spinning Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 03-Mar-23 | Maintain | A- | A2 | Stable | - |
| 269 | Poly Pack (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 02-Mar-23 | Initial | A- | A2 | Stable | - |
| 270 | Eastern Garments (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 02-Mar-23 | Upgrade | A- | A2 | Stable | - |
| 271 | Basfa Textile (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 02-Mar-23 | Maintain | BBB | A2 | Stable | - |
| 272 | Liberty Wind Power 2 Limited Press Release | Report | History |
Energy | Entity | 01-Mar-23 | Upgrade | A | A2 | Stable | - |
| 273 | Liberty Wind Power 1 Limited Press Release | Report | History |
Energy | Entity | 01-Mar-23 | Upgrade | A | A2 | Stable | - |
| 274 | FINCA Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 01-Mar-23 | Downgrade | A- | A2 | Developing | Yes |
| 275 | Jadeed Feeds Industries (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 24-Feb-23 | Maintain | A- | A2 | Stable | - |
| 276 | Ahmed Fine Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Feb-23 | Upgrade | A | A1 | Stable | - |
| 277 | Sapphire Electric Company Limited Press Release | Report | History |
Energy | Entity | 22-Feb-23 | Maintain | AA- | A1+ | Stable | - |
| 278 | Alhamd Corporation (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 22-Feb-23 | Maintain | A- | A2 | Stable | - |
| 279 | Hyundai Nishat Motor (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 21-Feb-23 | Initial | A+ | A1 | Stable | - |
| 280 | Sindh Abadgars Sugar Mills Limited Press Release | Report | History |
Agriculture & Allied | Entity | 20-Feb-23 | Maintain | BBB | A2 | Stable | - |
| 281 | K.K. Rice Mills (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 18-Feb-23 | Maintain | BBB | A2 | Stable | - |
| 282 | Maqbool Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 18-Feb-23 | Maintain | BBB+ | A2 | Stable | Yes |
| 283 | Nishat Paper Products Company Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 17-Feb-23 | Maintain | A | A1 | Stable | - |
| 284 | Gul Ahmed Electric Limited Press Release | Report | History |
Energy | Entity | 17-Feb-23 | Upgrade | A | A2 | Stable | - |
| 285 | EGAS (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 10-Feb-23 | Maintain | BBB | A2 | Stable | - |
| 286 | Punjab Oil Mills Limited Press Release | Report | History |
Food and Allied | Entity | 10-Feb-23 | Maintain | BBB+ | A2 | Stable | - |
| 287 | Shujabad Agro Industries (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 10-Feb-23 | Maintain | A- | A2 | Stable | - |
| 288 | Jadeed Oil Extraction (Private) Limited Press Release | Report | History |
Food and Allied | Entity | 10-Feb-23 | Maintain | BBB- | A3 | Positive | - |
| 289 | Mehmooda Maqbool Mills Limited Press Release | Report | History |
Food and Allied | Entity | 09-Feb-23 | Upgrade | BBB+ | A2 | Stable | - |
| 290 | Ibrahim Fibres Limited Press Release | Report | History |
Textile & Allied | Entity | 08-Feb-23 | Maintain | AA | A1+ | Stable | - |
| 291 | Denim-E (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 07-Feb-23 | Maintain | BBB- | A2 | Stable | - |
| 292 | Sabirs' Vegetable Oils (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 02-Feb-23 | Maintain | BBB- | A3 | Stable | - |
| 293 | Techno Time Construction (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 31-Jan-23 | Maintain | BBB | A2 | Stable | - |
| 294 | Jasons Commodities Press Release | Report | History |
Agriculture & Allied | Entity | 31-Jan-23 | Maintain | BBB- | A2 | Stable | - |
| 295 | Zahir Khan & Brothers Press Release | Report | History |
Infrastructure | Entity | 31-Jan-23 | Maintain | A | A2 | Stable | - |
| 296 | Sui Southern Gas Company Limited Press Release | Report | History |
Energy | Entity | 31-Jan-23 | Upgrade | A+ | A1 | Stable | Yes |
| 297 | Sitara Heights (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 31-Jan-23 | Maintain | A- | A2 | Stable | Yes |
| 298 | Al Barka Fabrics (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 27-Jan-23 | Maintain | BBB+ | A2 | Stable | - |
| 299 | Latif Textile Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 27-Jan-23 | Maintain | BBB- | A2 | Stable | - |
| 300 | KAM International Press Release | Report | History |
Textile & Allied | Entity | 27-Jan-23 | Maintain | A- | A2 | Stable | - |
| 301 | Energy Infrastructure Holding (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 26-Jan-23 | Maintain | A- | A1 | Stable | - |
| 302 | Kohat Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 26-Jan-23 | Maintain | A | A1 | Positive | - |
| 303 | Oursun Pakistan Limited Press Release | Report | History |
Energy | Entity | 23-Jan-23 | Maintain | A | A1 | Stable | - |
| 304 | Ali Embroidery Mills (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Jan-23 | Initial | BBB | A2 | Stable | - |
| 305 | Al-Khair Rice Mills (Pvt.) Limited Press Release | Report | History |
Agriculture & Allied | Entity | 18-Jan-23 | Upgrade | BBB | A2 | Stable | - |
| 306 | H. Sheikh Noor-ud-Din & Sons (Private) Limited Press Release | Report | History |
Textile & Allied | Entity | 18-Jan-23 | Maintain | BBB | A2 | Stable | - |
| 307 | Toyota Jinnah Motors (Pvt.) Limited Press Release | Report | History |
Auto and Allied | Entity | 18-Jan-23 | Maintain | BBB | A2 | Stable | - |
| 308 | ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited ) Press Release | Report | History |
Energy | Entity | 18-Jan-23 | Upgrade | A- | A2 | Stable | - |
| 309 | BRB Properties Builders and Developers Press Release | Report | History |
Infrastructure | Entity | 17-Jan-23 | Maintain | BB+ | A3 | Stable | - |
| 310 | Dynamic Packaging (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 17-Jan-23 | Initial | BBB | A2 | Stable | - |
| 311 | Loads Limited Press Release | Report | History |
Auto and Allied | Entity | 16-Jan-23 | Maintain | A | A1 | Negative | Yes |
| 312 | Spud Energy Pty Limited (Pakistan Branch) Press Release | Report | History |
Energy | Entity | 13-Jan-23 | Maintain | A | A1 | Stable | - |
| 313 | Ahmed Hassan Spinning Limited Press Release | Report | History |
Textile & Allied | Entity | 11-Jan-23 | Maintain | BBB | A2 | Negative | Yes |
| 314 | Foundation Power Company Daharki Limited Press Release | Report | History |
Energy | Entity | 06-Jan-23 | Maintain | AA- | A1+ | Stable | - |
| 315 | ISE Towers REIT Management Company Limited Press Release | Report | History |
Non Banking Financial Institutes | Entity | 06-Jan-23 | Maintain | A | A1 | Stable | - |
| 316 | Multi Resin Industries Press Release | Report | History |
Pharma and Chemicals | Entity | 03-Jan-23 | Maintain | BBB- | A2 | Stable | - |
| 317 | Sayban International Press Release | Report | History |
Agriculture & Allied | Entity | 31-Dec-22 | Upgrade | BBB- | A2 | Stable | - |
| 318 | Kassim Textiles (Pvt.) Limited Press Release | Report | History |
Textile & Allied | Entity | 31-Dec-22 | Maintain | A- | A2 | Stable | - |
| 319 | China Power Hub Generation Company (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 30-Dec-22 | Maintain | AA+ | A1+ | Stable | - |
| 320 | Getz Pharma (Pvt.) Limited Press Release | Report | History |
Pharma and Chemicals | Entity | 30-Dec-22 | Maintain | AA- | A1 | Stable | - |
| 321 | Azhar Corporation (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 30-Dec-22 | Maintain | BBB | A2 | Stable | - |
| 322 | Novapack (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 30-Dec-22 | Initial | BBB- | A3 | Stable | - |
| 323 | Interwood Mobel (Pvt.) Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 30-Dec-22 | Maintain | A- | A2 | Stable | - |
| 324 | Ahmad Hassan Textile Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 30-Dec-22 | Initial | BBB+ | A2 | Stable | - |
| 325 | Allah Tawaqal Metals (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 28-Dec-22 | Upgrade | BB+ | A3 | Stable | - |
| 326 | HBL Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 28-Dec-22 | Maintain | A+ | A1 | Stable | - |
| 327 | Al Rahim Textile Industries Limited Press Release | Report | History |
Textile & Allied | Entity | 28-Dec-22 | Upgrade | A | A1 | Stable | - |
| 328 | Cherat Cement Company Limited Press Release | Report | History |
Infrastructure | Entity | 28-Dec-22 | Maintain | A+ | A1 | Stable | - |
| 329 | Pakistan National Shipping Corporation Press Release | Report | History |
Logistics | Entity | 23-Dec-22 | Maintain | AA | A1+ | Stable | - |
| 330 | Siddiqsons Tinplate Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 23-Dec-22 | Maintain | A- | A2 | Stable | - |
| 331 | TPL Trakker Limited Press Release | Report | History |
Logistics | Entity | 23-Dec-22 | Maintain | A- | A2 | Stable | - |
| 332 | EFG Hermes Pakistan Limited Press Release | Report | History |
Capital Markets | Entity | 23-Dec-22 | Maintain | A- | A1 | Stable | - |
| 333 | Tariq Glass Industries Limited Press Release | Report | History |
Infrastructure | Entity | 23-Dec-22 | Maintain | A+ | A1 | Stable | - |
| 334 | Cherat Packaging Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 23-Dec-22 | Maintain | A | A1 | Positive | - |
| 335 | TOTAL PARCO Pakistan Limited Press Release | Report | History |
Energy | Entity | 23-Dec-22 | Initial | AAA | A1+ | Stable | - |
| 336 | Reliance Weaving Mills Limited Press Release | Report | History |
Textile & Allied | Entity | 23-Dec-22 | Maintain | A | A2 | Stable | - |
| 337 | United Ethanol Industries Limited Press Release | Report | History |
Agriculture & Allied | Entity | 22-Dec-22 | Maintain | A- | A2 | Stable | - |
| 338 | EXIDE Pakistan Limited Press Release | Report | History |
Auto and Allied | Entity | 22-Dec-22 | Maintain | BBB | A2 | Stable | - |
| 339 | Zaver Petroleum Corporation (Pvt.) Limited Press Release | Report | History |
Energy | Entity | 21-Dec-22 | Maintain | A- | A2 | Stable | - |
| 340 | Swat Agro Chemicals Press Release | Report | History |
Agriculture & Allied | Entity | 21-Dec-22 | Initial | BBB- | A2 | Stable | - |
| 341 | Orient Petroleum Inc. (Pakistan Branch) Press Release | Report | History |
Energy | Entity | 21-Dec-22 | Maintain | A- | A2 | Stable | - |
| 342 | MACPAC Films Limited Press Release | Report | History |
Consumers Goods & Services | Entity | 16-Dec-22 | Maintain | BBB | A2 | Stable | - |
| 343 | IGI Holdings Limited Press Release | Report | History |
Holding Company | Entity | 16-Dec-22 | Maintain | AA | A1+ | Stable | - |
| 344 | Ghulam Rasool & Company (Pvt.) Limited Press Release | Report | History |
Infrastructure | Entity | 15-Dec-22 | Upgrade | A- | A2 | Stable | - |
| 345 | NRSP Microfinance Bank Limited Press Release | Report | History |
Banks | Entity | 14-Dec-22 | Downgrade | A- | A2 | Negative | Yes |
| 346 | JS Global Capital Limited Press Release | Report | History |
Capital Markets | Entity | 14-Dec-22 | Maintain | AA | A1+ | Stable | - |
| 347 | Mega Conglomerate (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 14-Dec-22 | Maintain | AA- | A1 | Stable | - |
| 348 | Sapphire Retail Limited Press Release | Report | History |
Textile & Allied | Entity | 14-Dec-22 | Maintain | A- | A2 | Stable | - |
| 349 | Pakistan Oil Mills (Pvt.) Limited Press Release | Report | History |
Food and Allied | Entity | 09-Dec-22 | Maintain | BBB+ | A2 | Stable | - |
| 350 | Ismail Industries Limited Press Release | Report | History |
Food and Allied | Entity | 09-Dec-22 | Upgrade | A+ | A1 | Stable | - |
| 351 | Pak Arab Refinery Limited Press Release | Report | History |
Energy | Entity | 09-Dec-22 | Maintain | AAA | A1+ | Stable | - |
| 352 | Kingcrete Builders Press Release | Report | History |
Infrastructure | Entity | 02-Dec-22 | Maintain | BBB | A2 | Stable | - |
| 353 | Mughal Energy Limited Press Release | Report | History |
Energy | Entity | 01-Dec-22 | Initial | A | A2 | Stable | - |